Series C Junior Units means Partnership Units representing any class or series of Partnership Interest ranking junior to the Series C Preferred Units as to distributions or rights upon voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, or both, as the context may require.
Series C Junior Units means Common Units and any class or series of Partnership Units hereafter issued and outstanding that are not Series C Senior Units, Series C Preferred Units or Series C Parity Units.
Series C Junior Units means Common Units and any class or series of Partnership Units hereafter issued and outstanding that are not Series C Senior Units, Series C Preferred Units or Series C Parity Units. “Series C Liquidation Amount” means the greater of (a) the aggregate Series C Liquidation Preference plus the aggregate Series C Redemption Premium or (b) an amount per Series C Preferred Unit equal to the amount which would have been payable to a Series C Preferred Unit holder had each Series C Preferred Unit been converted into OP Units immediately prior to such Liquidation. “Series C Liquidation Preference” means fifteen dollars and sixty-seven cents ($15.67) per Series C Preferred Unit. “Series C Parity Units” means the Series D Preferred Units, Series F Preferred Units and any class or series of Partnership Units hereafter issued and outstanding, whether or not the distribution rates thereof shall be different from those of the Series C Preferred Units, if the holders of such class or series and the Series C Preferred Units shall be entitled to (i) the receipt of distributions in proportion to their respective amounts of accrued and unpaid distributions per unit and (ii) amounts distributable upon Liquidation in proportion to their respective liquidation preferences, in each case without preference or priority one over the other. “Series C Preferred Return” means, for each Series C Preferred Unit, a cumulative, non-compounded rate per annum equal to 5.81% of the Series C Liquidation Preference; provided, that the amount payable for any Series C Distribution Period shall be computed by dividing the Series C Preferred Return by twelve, and the amount of distributions payable for any period shorter or longer than a full Series C Distribution Period shall be computed on the basis of twelve 30-day months and a 360-day year. “Series C Preferred Stock” means the Series C Convertible Preferred Stock, par value $.01 per share, of the General Partner. “Series C Preferred Unit” means a Partnership Unit which is designated by the General Partner as a Series C Preferred Unit of the Partnership. “Series C Redemption Date” has the meaning set forth in Section 14.05. “Series C Redemption Premium” equals twenty percent (20%) of the Series C Liquidation Preference. “Series C Senior Units” means any class or series of Partnership Units hereafter issued and outstanding, if the holders of such class or series shall be entitled to the receipt of
Examples of Series C Junior Units in a sentence
The Series C Preferred Mirror Units will rank, with respect to distributions upon Liquidation: (a) on a parity basis with all Series C Parity Units; (b) junior to all Series C Senior Units; and (c) senior to all Series C Junior Units.
More Definitions of Series C Junior Units
Series C Junior Units means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks junior to the Series C Preferred Mirror Units, including but not limited to Class A Common Units, Class B Common Units, Class C Common Units and any other class or series of Capital Stock issued by the Company or any Subsidiary of the Company as of the Series C Original Issue Date. “Series C Liquidation Preference” has the meaning set forth in Section 18.05. “Series C Notice of Conversion” has the meaning set forth in Section 18.06(a). “Series C Original Issue Date” shall mean the date on which the first Series C Preferred Mirror Unit is issued. “Series C Parity Units” means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks on a parity basis with the Series C Preferred Mirror Units, including the Series A Preferred Mirror Units. “Series C Price” has the meaning set forth in Section 18.07(b). “Series C Redemption Date” has the meaning set forth in Section 18.08(e). “Series C Reorganization Event” has the meaning set forth in Section 18.07(a)(v). “Series C Senior Units” means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks senior to the Series C Preferred Mirror Units. “Series C Spin-Off” has the meaning set forth in Section 18.07(a)(iii). “Series C Stated Value” is an amount equal to one thousand dollars ($1,000) per Series C Preferred Mirror Unit. “Series C Tender/Exchange Offer Valuation Period” has the meaning set forth in Section 18.07(a). “Series C Valuation Period” has the meaning set forth in Section 18.07(a)(iii). “Trading Market” means the principal U.S. national securities exchange (as defined in the Exchange Act) on which the Class A Common Stock is then listed or quoted for trading on the date in question, including, without limitation, Nasdaq, NYSE/Euronext, BATS, or if such Class A Common Stock is not listed or quoted on any of the foregoing, then the OTCBB, OTCQB or such other over the counter market in which such Class A Common Stock is principally traded. “Unit Settlement Option” has the meaning set forth in Section 18.08(g). “VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Class A Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Class A Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Class A Common Stock ...